Pros and Cons of Bootstrapping

64% of all founders use personal finances to fund their business – Startup Muster, 2018.

Before starting down the path of venture capital, founders should really consider the alternative — bootstrapping.

Here are somethings you may want to consider:

Advantages —

– Founders able to spend more time on business instead of cap raise

– Maintain central ownership

– Easy to pivot

– Lean mindset

– Ability to execute quickly

Disadvantages —

– Personal financial risk

– Can limit ability to drive exponential growth

– Limited access to networks

– Fewer opportunities for mentorship

– Lack of external support

#bootstrap#fundraising#scaling#investors#shareholders#captable#founders#startups#venturecapital#risk#growth

Click here to view the original Linkedin post.

Looking for a platform to raise capital? Click here to discover how Wholesale Investor can help you.